Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC lowered its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 9.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,217 shares of the restaurant operator’s stock after selling 2,334 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Chipotle Mexican Grill were worth $1,279,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. boosted its stake in Chipotle Mexican Grill by 1,087.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,712,724 shares of the restaurant operator’s stock valued at $271,547,000 after purchasing an additional 4,315,983 shares during the period. Congress Asset Management Co. bought a new stake in shares of Chipotle Mexican Grill during the third quarter valued at approximately $109,396,000. Thrivent Financial for Lutherans boosted its position in shares of Chipotle Mexican Grill by 674.3% during the third quarter. Thrivent Financial for Lutherans now owns 2,122,778 shares of the restaurant operator’s stock worth $122,314,000 after buying an additional 1,848,625 shares during the period. Raymond James & Associates grew its holdings in Chipotle Mexican Grill by 94.3% in the 3rd quarter. Raymond James & Associates now owns 2,969,776 shares of the restaurant operator’s stock worth $171,118,000 after buying an additional 1,441,172 shares in the last quarter. Finally, International Assets Investment Management LLC increased its position in Chipotle Mexican Grill by 5,188.9% in the 3rd quarter. International Assets Investment Management LLC now owns 1,421,140 shares of the restaurant operator’s stock valued at $818,860,000 after acquiring an additional 1,394,270 shares during the period. 91.31% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Stock Performance

Shares of CMG opened at $56.22 on Wednesday. The company’s 50 day moving average price is $60.03 and its 200 day moving average price is $57.99. Chipotle Mexican Grill, Inc. has a 52 week low of $47.98 and a 52 week high of $69.26. The company has a market capitalization of $76.60 billion, a PE ratio of 50.64, a PEG ratio of 2.14 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. On average, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Stephens reduced their price target on Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $70.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. TD Cowen boosted their price target on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Royal Bank of Canada reiterated an “outperform” rating and issued a $75.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Finally, Oppenheimer boosted their target price on Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Ten analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $66.31.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total value of $286,304.04. Following the completion of the sale, the insider now directly owns 185,792 shares of the company’s stock, valued at $12,078,337.92. The trade was a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.